From a technical point of view, $EIGEN is currently in a critical position. The 5-minute cycle shows that it is running in the area above the Bollinger Band (current price 5.5720, Bollinger Band upper rail 5.6529), the MACD indicator maintains a long position, and the RSI is in the high but not overbought range of 65.78, showing an overall strong pattern. However, it is worth noting that there has been a significant shrinkage in volume during the rise, and the price has gradually approached the pressure level of the Bollinger Band upper rail. This divergence phenomenon suggests that there may be a need for adjustment in the short term.
In terms of operating strategies, investors are advised to maintain a cautious and bullish mindset. You can arrange long orders in batches near the middle rail of the Bollinger Band (5.5338), set the stop loss below the lower rail of the Bollinger Band (5.4148), and first look at the upper rail of the Bollinger Band (5.6529) as the target. Considering that the current trend strength is 0.47, which is a medium level, and the trading volume has shrunk, it is recommended to adopt a defensive strategy with low leverage (no more than 3 times) and small positions (no more than 20% at a time), and pay close attention to whether the volume can be enlarged when breaking through the upper track of the Bollinger Band. This will be a key indicator for judging the continuity of the rise. If there is no volume after the breakthrough, it is necessary to reduce the position in time to prevent the risk of callback.
